Bloomin’ Brands, Inc. (NASDAQ:BLMN) Stock Has Average Target Price of $10.60 According to Analysts

Bloomin’ Brands, Inc. (NASDAQ:BLMN) has been assigned a consensus recommendation of “Hold” from the eleven brokerages that are covering the stock, MarketBeat reports. Eleven investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.60.

Several research firms have recently commented on BLMN. Weiss Ratings raised Bloomin’ Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. JPMorgan Chase & Co. raised Bloomin’ Brands from an “underweight” rating to a “neutral” rating and upped their price objective for the stock from $6.00 to $13.00 in a report on Tuesday, September 29th. Zacks Research cut Bloomin’ Brands from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 16th. Wall Street Zen downgraded Bloomin’ Brands from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Veritas Investment Research set a $13.00 target price on Bloomin’ Brands in a report on Tuesday, September 29th.

Hedge Funds Weigh In On Bloomin’ Brands

Large investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in Bloomin’ Brands during the second quarter worth $62,563,000. Arrowstreet Capital Limited Partnership grew its holdings in Bloomin’ Brands by 79.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 3,908,998 shares of the restaurant operator’s stock valued at $21,109,000 after purchasing an additional 1,736,001 shares during the last quarter. Miller Value Partners LLC acquired a new stake in Bloomin’ Brands in the second quarter valued at $23,635,000. Dimensional Fund Advisors LP grew its holdings in Bloomin’ Brands by 84.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,208,122 shares of the restaurant operator’s stock valued at $11,924,000 after purchasing an additional 1,013,953 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Bloomin’ Brands by 150.1% in the first quarter. Empowered Funds LLC now owns 690,137 shares of the restaurant operator’s stock valued at $3,727,000 after purchasing an additional 414,146 shares during the last quarter.

Bloomin’ Brands Price Performance

Shares of NASDAQ:BLMN opened at $10.34 on Wednesday. The company has a quick ratio of 0.18, a current ratio of 0.25 and a debt-to-equity ratio of 1.62. The company has a market cap of $885.31 million, a P/E ratio of 7.71, a PEG ratio of 2.60 and a beta of 1.26. Bloomin’ Brands has a 52 week low of $5.19 and a 52 week high of $12.63. The company has a 50-day moving average price of $9.39 and a 200 day moving average price of $8.40.

Bloomin’ Brands (NASDAQ:BLMN) last announced its quarterly earnings data on Wednesday, August 5th. The restaurant operator reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.10. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1 billion. Bloomin’ Brands had a return on equity of 28.95% and a net margin of 0.70%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. Bloomin’ Brands has set its FY 2026 guidance at 0.900-1.000 EPS and its Q3 2026 guidance at -0.270–0.220 EPS. Research analysts predict that Bloomin’ Brands will post 0.96 earnings per share for the current year.

Bloomin’ Brands Company Profile

Bloomin’ Brands, Inc is a restaurant company that owns and operates a portfolio of casual dining and upscale casual dining brands. Its best-known concept is Outback Steakhouse, which specializes in steaks, seafood, chicken, burgers and other American-style dishes with an Australian-inspired theme.

The company’s other restaurant brands include Carrabba’s Italian Grill, which serves Italian-American cuisine; Bonefish Grill, focused on seafood and wood-grilled specialties; and Fleming’s Prime Steakhouse & Wine Bar, an upscale steakhouse concept.